Secret Trade Deal: Bush/Dem Pact designed to let big business evade US taxes

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http://www.workingassetsblog.com/2007/09/secret_trade_deal_new_report_s.html

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As Congress reconvenes this week, K Street and a handful of Democratic congressional leaders are gearing up to pass lobbyist-written trade pacts with Peru, Panama, South Korea and Columbia - the group of pacts known as The Secret Trade Deal of 2007, originally announced on May 10, 2007. Over the summer, the Bush White House led "campaign-style" events to pressure more Democrats to support the deals, despite Democrats' 2006 campaign promises to oppose these job-killing pacts. That lobbying campaign is now being backed up by the U.S. Chamber of Commerce - and the pressure seems to be working. Ways and Means Committee Chairman Charlie Rangel (D) announcing that his top priority will be ramming these deals through Congress over the objections of the progressive movement and many rank-and-file lawmakers in his own party. The opposition to The Secret Trade Deal of 2007 may, however, find renewed vigor following a new report showing how one of the least discussed pacts in the deal - the one with Panama - includes language designed to allow many of the largest corporations to hide income in tax havens and avoid paying U.S. taxes.
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